For those unfamiliar with the situation in Venezuela, it is truly a spectacle. The presidency of Nicolas Maduro is the kind of thing that makes you think that maybe Ayn Rand wasn’t being so uncharitable in her characterization of socialists after all. He ordered a military takeover of a major electronics retailer and encouraged his citizens to loot until the shelves were bare. The Venezuelan bolivar has undergone near hyperinflation during his short, seven-month reign, and Maduro has responded largely by making matters worse, denouncing (and jailing) “barbaric, capitalist parasites,” and expanding inefficient and destructive price controls. On the positive side, though, he’s created a Ministry of Supreme Social Happiness, which sounds nice. And he moved up Christmas to November. It’s the kind of thing that would be the stuff of farce if the human costs weren’t so terrible.
Posted on: Tue, 03 Dec 2013 21:19:58 +0000
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